L&T Hydrocarbon Engineering wins contract from IOCL worth 1,100 cr

Larsen & Turbo's fully-owned subsidiary-L&T Hydrocarbon Engineering (LTHE) got an onshore engineering procurement construction (EPC) contract from the Indian Oil Corporation (IOCL) worth Rs 1,100  crore for setting up a 0.740 million metric tonne per annum (MMTPA) fluidised cracking unit (FCC) including the LPG Treatment facility at their Bongaigaon refinery, Assam.

In March last year, Indian planned to setup the Indmax FCC unit (including the LPG treatment) of 0.740 MMTPA with an investment of Rs 2,582 at its Bongaigaon refinery. This new unit is part of its IOCL’s Hydrocarbon vision for 2030.

The scope of the contract includes basic engineering, procurement, supply, transportation, storage, fabrication, inspection, construction, installation, testing, mechanical completion, pre-commissioning and commissioning of the unit. The company has won the contract through a competitive bidding process, which was also participated by the reputed global EPC organisations.

L&T is a multinational company situated in India, which majorly deals in technology, engineering, construction, manufacturing and financial services with over 16 billion revenue. It operates in over 30 countries worldwide.